Benefit-Cost Analysis Risks
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For mitigation projects outside of SFHA, use of Damage Frequency Assessment without real values and documented occurrences.
Using the wrong recurrence interval for historic events or relying on weak damage histories.
Unsupported values, missing source documents, or assumptions that are not referenced.
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Treating pre-calculated benefits as a shortcut for documentation quality. They still require the right eligibility proof.
Failing to account for residual risk after project implementation.
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